John Kenneth Galbraith
John Kenneth "Ken" Galbraith, OC (properly /ɡælˈbreɪθ/ gal-BRAYTH, but commonly /ˈɡælbreɪθ/ GAL-brayth; 15 October 1908 – 29 April 2006), was a Canadian-American economist. He was a Keynesian, an institutionalist, and a leading proponent of 20th-century American liberalism. His books on economic topics were bestsellers from the 1950s through the 2000s and he filled the role of public intellectual from the 1950s to the 1970s on matters of economics.
Galbraith was a prolific author who produced four dozen books and over a thousand articles on various subjects. Among his most famous works was a popular trilogy on economics, American Capitalism (1952), The Affluent Society (1958), and The New Industrial State (1967). He taught at Harvard University for many years. Galbraith was active in Democratic Party politics, serving in the administrations of Franklin D. Roosevelt, Harry S. Truman, John F. Kennedy and Lyndon B. Johnson; he served as United States Ambassador to India under Kennedy. Due to his prodigious literary output he was arguably the best known economist in the world during his lifetime and was one of a select few people to be awarded the Medal of Freedom, in 1946, and the Presidential Medal of Freedom, in 2000, for services to economics. The government of France made him a Commandeur de la Légion d'honneur.
Read more about John Kenneth Galbraith: Postwar, Works, Honors
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“There are few ironclad rules of diplomacy but to one there is no exception. When an official reports that talks were useful, it can safely be concluded that nothing was accomplished.”
—John Kenneth Galbraith (b. 1908)
“Wealth is not without its advantages and the case to the contrary, although it has often been made, has never proved widely persuasive.”
—John Kenneth Galbraith (b. 1908)
“Where the Muse herself
All Time fulfils,
Who cuts with his scythe
All things but hers;
All but the blithe
Hexameters.”
—Oliver St. John Gogarty (1878–1957)
“An ... important antidote to American democracy is American gerontocracy. The positions of eminence and authority in Congress are allotted in accordance with length of service, regardless of quality. Superficial observers have long criticized the United States for making a fetish of youth. This is unfair. Uniquely among modern organs of public and private administration, its national legislature rewards senility.”
—John Kenneth Galbraith (b. 1908)
“People who are in a fortunate position always attribute virtue to what makes them so happy.”
—John Kenneth Galbraith (b. 1908)